Our Company

Independent for over 70 years, Milliman delivers market-leading services and solutions to clients worldwide. With no agenda, other than getting it right.

Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.

Pension Funding Index, March 2013(1)

The funded status of the 100 largest corporate defined benefit pension plans dropped by $6 billion during February as measured by the Milliman 100 Pension Funding Index (PFI). This comes after last month’s large funded status improvement of $107 billion, the second best in the 12-year history of this study. The deficit increased to $311 billion from $305 billion at the end of January, primarily due to the drop in the benchmark corporate bond interest rates used to value pension liabilities. February’s strong investment gains were not enough to offset the pension liability increases. As of February 28, the funded ratio fell to 81.5%, down from 81.7% at the end of January.

The projected benefit obligation (PBO), or pension liabilities, increased by $17 billion during February, raising the Milliman 100 PFI value to $1.683 trillion from $1.666 trillion at the end of January. The change resulted from a modest decrease of five basis points in the monthly discount rate to 4.40% for February, from 4.45% for January.

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Insight

For more than seven decades, Milliman has combined technical
expertise with business acumen to create elegant solutions
for our clients.

Today, we are helping companies take on
some of the world's most critical and complex issues, including retirement
funding and healthcare financing, risk management and regulatory compliance,
data analytics and business transformation.